Advisory Services Network LLC Increases Stock Position in Chubb Limited (NYSE:CB)

Advisory Services Network LLC increased its position in shares of Chubb Limited (NYSE:CB) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,720 shares of the financial services provider’s stock after acquiring an additional 2,074 shares during the quarter. Advisory Services Network LLC’s holdings in Chubb were worth $7,701,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Manchester Capital Management LLC raised its stake in shares of Chubb by 3.9% during the 1st quarter. Manchester Capital Management LLC now owns 1,723 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 65 shares in the last quarter. TFG Advisers LLC raised its stake in shares of Chubb by 1.8% during the 1st quarter. TFG Advisers LLC now owns 6,938 shares of the financial services provider’s stock worth $1,798,000 after acquiring an additional 124 shares in the last quarter. Bard Financial Services Inc. raised its stake in shares of Chubb by 3.7% during the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 40 shares in the last quarter. W.H. Cornerstone Investments Inc. raised its stake in shares of Chubb by 6.8% during the 1st quarter. W.H. Cornerstone Investments Inc. now owns 4,879 shares of the financial services provider’s stock worth $1,264,000 after acquiring an additional 309 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $298,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and upped their price target for the company from $244.00 to $266.00 in a research note on Thursday, May 23rd. Roth Mkm restated a “buy” rating and set a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. HSBC restated a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Finally, Morgan Stanley cut their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $267.65.

Chubb Stock Performance

NYSE CB traded up $0.43 during mid-day trading on Friday, reaching $258.42. 332,958 shares of the stock were exchanged, compared to its average volume of 1,642,774. The business’s 50 day moving average is $260.45 and its 200-day moving average is $250.53. Chubb Limited has a 1 year low of $186.52 and a 1 year high of $275.41. The company has a market capitalization of $104.93 billion, a P/E ratio of 11.45, a P/E/G ratio of 6.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the firm posted $4.41 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Chubb Limited will post 20.95 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.41%. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.